MC Qu. 74 It will cost $cost to acquire a small ... It will cost $2,400 to acquire an ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period? Multiple Choice 2.42 years 1.71 years 2.71 years 1.42 years .71 years The outstanding bonds of Winter Time Products provide a real rate of return of 3.00 percent. The current rate of inflation is 2.10 percent. What is the nominal rate of return on these bonds? Multiple Choice 5.14 percent 5.18 percent 5.16 percent 5.12 percent 5.10 percent